---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-013652"
form_type: "8-K"
ticker: "FXNC"
cik: "0000719402"
company_name: "FIRST NATIONAL CORP /VA/"
filed_at: "2025-04-30T23:59:59+00:00"
generated_at: "2026-05-23T02:59:49.909808+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First National Q1 net income $1.52M, adjusted EPS $0.35; net interest margin 3.77%

## Summary
- Net income $1.52M ($0.18/share); adjusted net income $3.1M ($0.35/share) excluding $1.9M merger costs.
- Net interest margin 3.77%, down from 3.83% in Q4 2024; net interest income fell $908K to $17.5M.
- Total assets $2.033B, up 40.5% YoY; loans $1.436B, up 49.5% YoY from Touchstone acquisition.
- Completed Touchstone system conversion; pre-tax merger costs $1.9M in Q1; duplicative costs ongoing until late Feb.
- Net charge-offs $2.4M (primarily C&I loans); NPAs improved to 0.24% of total assets.

## SEC filing metadata
- accession: 0001437749-25-013652
- form_type: 8-K
- ticker: FXNC
- cik: 0000719402
- company_name: FIRST NATIONAL CORP /VA/
- filed_at: 2025-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/719402/000143774925013652/0001437749-25-013652-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/719402/000143774925013652/fxnc20250408_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-013652
- JSON: https://secwatch.observer/filing/0001437749-25-013652.json
- Plain text: https://secwatch.observer/filing/0001437749-25-013652.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.